Broadridge Financial Solutions, Inc. (NYSE:BR) – Equities researchers at DA Davidson lowered their Q1 2018 EPS estimates for Broadridge Financial Solutions in a report issued on Thursday. DA Davidson analyst P. Heckmann now anticipates that the business services provider will post earnings per share of $0.39 for the quarter, down from their prior estimate of $0.50. DA Davidson has a “Neutral” rating and a $74.00 price target on the stock. DA Davidson also issued estimates for Broadridge Financial Solutions’ Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.79 EPS, Q4 2018 earnings at $1.95 EPS, FY2018 earnings at $3.62 EPS, Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $2.03 EPS and FY2019 earnings at $3.92 EPS.

A number of other brokerages have also commented on BR. BidaskClub lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC increased their price objective on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $76.00.

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Broadridge Financial Solutions (NYSE:BR) traded up 1.26% on Monday, hitting $77.04. 112,406 shares of the stock traded hands. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 28.53 and a beta of 0.99. The stock has a 50-day moving average of $75.32 and a 200-day moving average of $71.67. Broadridge Financial Solutions has a 12-month low of $59.86 and a 12-month high of $78.00.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.71. Broadridge Financial Solutions had a net margin of 7.89% and a return on equity of 37.99%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $1.45 EPS. The company’s quarterly revenue was up 38.1% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.92%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. Broadridge Financial Solutions’s dividend payout ratio is currently 48.35%.

In other news, insider Charles J. Marchesani sold 20,473 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $73.61, for a total value of $1,507,017.53. Following the transaction, the insider now owns 32,328 shares of the company’s stock, valued at approximately $2,379,664.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher John Perry sold 73,936 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $72.57, for a total transaction of $5,365,535.52. Following the completion of the transaction, the senior vice president now directly owns 91,276 shares in the company, valued at approximately $6,623,899.32. The disclosure for this sale can be found here. Insiders sold a total of 317,402 shares of company stock worth $23,607,207 in the last ninety days. Insiders own 3.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new position in shares of Broadridge Financial Solutions during the second quarter valued at about $108,000. Global X Management Co. LLC raised its position in Broadridge Financial Solutions by 8.5% in the second quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock valued at $116,000 after buying an additional 120 shares during the last quarter. Commonwealth Bank of Australia raised its position in Broadridge Financial Solutions by 60.0% in the second quarter. Commonwealth Bank of Australia now owns 1,600 shares of the business services provider’s stock valued at $120,000 after buying an additional 600 shares during the last quarter. Van ECK Associates Corp raised its position in Broadridge Financial Solutions by 8.0% in the first quarter. Van ECK Associates Corp now owns 1,814 shares of the business services provider’s stock valued at $123,000 after buying an additional 135 shares during the last quarter. Finally, ETF Managers Group LLC purchased a new position in Broadridge Financial Solutions during the second quarter valued at $144,000. 85.18% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Earnings History and Estimates for Broadridge Financial Solutions (NYSE:BR)

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